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Nov 29, 2012
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way congress would wouldn't come up with come miz, no way they'd face their constituents after the u.s. debt was down graded and if that happened, i thought interest rates would go higher and stocks wouldn't respond well. so it certainly doesn't sound in washington right now that these guys are in any way conciliatory or reaching across the i'll. we just don't know. and that lack of information i think kikts tole volatility. in a lot of people believe that somehow or other both case and difficult difficult ends. to beat the tax hike on dividends, costco, murphy oil, disney, ebay, del, oracle and sh washington bureau. what do you think? should people look up there before they why not take advantage of the lower tax rate. you'd hope they have something better to. >> but if it's cash they don't have an immediate use for. the special dividend makes a lot of sense. you get the horse to walk in the direction of the carrot. knock the stick. so the more you tax something, you don't get more of it. >> that's the whole problem. >> it doesn't make sense. >> the the whole big picture of this thing
way congress would wouldn't come up with come miz, no way they'd face their constituents after the u.s. debt was down graded and if that happened, i thought interest rates would go higher and stocks wouldn't respond well. so it certainly doesn't sound in washington right now that these guys are in any way conciliatory or reaching across the i'll. we just don't know. and that lack of information i think kikts tole volatility. in a lot of people believe that somehow or other both case and...
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Nov 9, 2012
11/12
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u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it. we're patsys to the iranian supreme leader. this information is coming from the u.s. side. cnn reported it. it's significant to me, my information is that iran has now reported it to the iranian people. in farcesy. they reproduced the cnn report and sadded this, cnn did not sa how they recognized these were revolutionary guard fighters. >> i want to come to the quasi cover-up, whatever it was. i know it's an unmanned drone, it's our plane, it's our real estate. >> it's a predator, it's a drone. >> why don't we do something in return? that's what i'm saying. why do they feel they can do this with impunity? >> the
u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it....
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Nov 7, 2012
11/12
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fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a chan
fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at...
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Nov 9, 2012
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again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial production. the fears again of the fiscal cliff certainly outweighing what we're seeing in china at the moment. there's been a lot of action the last hour or so in the energy market, particularly in rbon gasoline futures here. keep your eye on natural gas. it is going to get a little warmer here on the east coast causing a little slide in gas futures. >>> bertha coombs has a "market flash." >> standard energy stock hitting a new low today despite they did report record production yesterday. one of their big shareholders, tpg axon hedge fund is calling for big changes there on the boa
again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial...
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Nov 9, 2012
11/12
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it's very important for housing in the u.s. economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating downgrade. i just don't think the equity market is going to react as adversely as it did august of it happens. let's soo write headache out and thi think. >> got it. david, thanks so much. >> my pleasure. >> david bianco, chief strategist at deutsche bank. >>> breaking news and our very own mair thompson is on the floor with the stock exchange. ma mary? >> there's a key change way tojt bring to our investors or viewers' attention. this year they're providing a little bit of konk for those submitting new capital
it's very important for housing in the u.s. economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's...
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Nov 13, 2012
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according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be
according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves,...
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Nov 15, 2012
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now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising faster. >> well, i think you're right to point out that, you know, these things change from month to month. depends on things like whether we're sending out tax refunds. one month isn't everything. but i think the concern has to be that the revenue rise may not condition if the economy doesn't prosper. we've seen some real weakness late in the second half of 2012. i'm deeply concerned about the outlook going forward. and without growth, we don't solve any of knees problemthese. the second problem is the spendi
now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising...
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Nov 7, 2012
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my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you very much. we'll keep watching both those stories. let's get to john fort. he just spoke with the qualcomm ceo on the heels of their earnings report. let's find out what he has to say. john, over to you. >> maria, you already mentioned the headline numbers. i want to focus on guidance and a bit of color. that might change the way people are thinking about some elements of technology, and particularly the smart phone market. i want to talk about guidance. wall street was looking in the coming quarter -- i guess the current quarter now, for revenue of around $5.3 billion. non-gap eps of around $1. what qualcomm has
my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you...
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Nov 21, 2012
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we have former u.s. ambassador. mark, i ask you first. the negotiations for peace is going to take whatever. are they getting done what they need to get down to take out the hamaas military all it is going to do is get to a point where hamas is out of missiles. and so there will be another round of missile firing because there will be no durable missile firing. you have the head of the muslim brotherhood sympathizes with hamas. who is to say iran working through will replentish the weapons loss and we'll go through this whole thing all over again? >> good evening larry and mark. i'm told that hamas is boasting tonight of major success. because for the first time ever hamas has seen delegations of foreign states. into the gaza strip so hamas the terrorist organization is celebrating all of this success and now hillary clinton is heading to cairo, this is a celebration for the bad guys. >> what is secretary clinton going to do? the bad guys are proclaiming victory here. those are bad guys. i don't see how in the world this can play out favo
we have former u.s. ambassador. mark, i ask you first. the negotiations for peace is going to take whatever. are they getting done what they need to get down to take out the hamaas military all it is going to do is get to a point where hamas is out of missiles. and so there will be another round of missile firing because there will be no durable missile firing. you have the head of the muslim brotherhood sympathizes with hamas. who is to say iran working through will replentish the weapons loss...
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Nov 30, 2012
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. >>> if lawmakers allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500
. >>> if lawmakers allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember...
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Nov 8, 2012
11/12
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good-bye to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what do you think's going on here? >> well, i hope it is a thaw that's going to result in some significant progress. we're way behind in terms of work that just needs to be done. i mean, provisions in the tax law that if expired will be going on almost a year now. more at the end of this year. so this short-term fiscal cliff has to be gotten out of the way. that's just noise. and then we need to get serious on the long-term fiscal strategy, which includes economic growth, comprehensive tax reform, and entitlement reform. those three are all i think integral parts of a plan that would see america and our ec
good-bye to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what...
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Nov 6, 2012
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the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is probably as much about just election uncertainty coming out of the market, not about whether it's a romney or obama victory. it is people just looking at it. it's election uncertainty coming out. >> that makes a lot of sense. real quick, let's go around the horn here. how do you allocate capital? what do i want to be exposed to, and what do i want to sell in 2013? given all of this that we know so far. >> well, you definitely want to get out of defense stocks. you don't want to be there because i think that those have already moved. if you get an obama win, you're going t
the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is...
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Nov 8, 2012
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the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corru
the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this...
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Nov 27, 2012
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>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going on. >> i don't think they made that comparison on school house rock. >> he was watching a different schoolhouse rock. >> the jack black "schoolhouse rock." >> the fiscal cliff is just a great headline but the tip of the iceberg of what is really ailing or what could potentially ail this market in weeks to come. we are within the whisper of a four-year high. europe is a mess and the data in the states has been mediocre at best. the fiscal cliff is an easy thing
>> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't...
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Nov 15, 2012
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today the u.s. has a treaty with taiwan that we'll, you know, protect them if they're invaded by the chinese. there's just one problem. we'll have to borrow the money from china to do it. >> unbelievable. we're going to take a short break. with we come back, i want to ask you, what about the fed? where does qe-1, 2, 3, and maybe 4 play into all this? stay with us. more with erskine bowles and alan simpson. stay with us. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in
today the u.s. has a treaty with taiwan that we'll, you know, protect them if they're invaded by the chinese. there's just one problem. we'll have to borrow the money from china to do it. >> unbelievable. we're going to take a short break. with we come back, i want to ask you, what about the fed? where does qe-1, 2, 3, and maybe 4 play into all this? stay with us. more with erskine bowles and alan simpson. stay with us. ♪ [ female announcer ] today, it's not just about who lives in the...
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Nov 10, 2012
11/12
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according to u.s. military officials ea games paid the navy s.e.a.l.s to disclose classified materials and use unauthorized equipment for their newly released game "medal of honor, warfighter" and brent thor, brad, by the way, i love the book. >> this is a nasty story because the s.e.a.l.s are among the best and the brightest. why is this think? >> let's be clear. ea did not pay them to turn over equipment and top secret stuff. they paid them to consult on a very hot video gaming series and it's not against the rules for the s.e.a.l.s to do this, but they have to have the command and that's the problem and why they're in trouble as well as they did disclose apparently some tactics and procedures they shouldn't have, and also they shared some high-tech gadgets that only s.e.a.l. team six has access to. >> but the army and pentagon has remanded them and basically ending their career and they must think it's a pretty serious violation. >> these guys are frozen and they got a letter of reprimand in their j
according to u.s. military officials ea games paid the navy s.e.a.l.s to disclose classified materials and use unauthorized equipment for their newly released game "medal of honor, warfighter" and brent thor, brad, by the way, i love the book. >> this is a nasty story because the s.e.a.l.s are among the best and the brightest. why is this think? >> let's be clear. ea did not pay them to turn over equipment and top secret stuff. they paid them to consult on a very hot video...
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Nov 7, 2012
11/12
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u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy. apple at $564 i believe? there's $564. when apple hit that you saw the move to the downside. i think it is pretty simple explanation. one-thi one-third, one-third, and maybe one-third. >> as soon as the election's over, we'll go back to talking about europe. >>> sew ma mowdy is at the nasdaq. tech stocks are getting real crushed. >> absolutely, mandy. down about 65 points on the nasdaq. the s&p tech index at or near correction territory. as bob was pointing out, apple is the big story. breaking some key
u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy....
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Nov 8, 2012
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even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in the economy and stimulus, but you can't get older people to spend money, and europe has the worst problems because they have the worst demographic. >> listen. the economist in britain taught us that demographics do not have a very strong predictive value, particularly when it comes to markets. in 1998, harry wrote a book saying the dow was going to 35,000. in 2009, he wrote about the great depression that was ahead, and the s&p has gone up 110% off the lows. the economy has gone to new highs in gd
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice...
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Nov 29, 2012
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there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from
there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off...
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Nov 30, 2012
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it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you can't stay. you can't go into stock for an investment case and then the investment case goes to hell in a hand basket. this one did. >> and by that dip in the quarter is why i think there is an opportunity. >> when you're only looking for 200, that is a big delta. stay away until -- >> valuations were too high. now i think they're giving an opportunity to get in. >> joe, what do you do with this? who made the more compelling argument on yum? >> i think i made the more compelling argument and it's this. it has to do with the macro call on the
it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you...
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Nov 8, 2012
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
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the idea that the u.s. alone is somehow going to solve the co2 issue is fundamentally flawed and i don't know where the president is dreaming that he will be able to solve this issue. gerri: probably on hold. robert, i know we will hear from you again soon. thank you for coming on, have a great weekend. >> thank you, gerri you want as the clock ticks, there is another group of folks that will be hit hard. i'm talking about college savers. many families will be worse off next year compared to this year. could you explain is the founder and publisher of finaid.org. what is the fiscal cliff? is the fiscal cliff? were we going to duplicate those budget cuts? >> one is it will cut things by 8% across the board. the pell grant in 2013, it will also be cut automatically by 8%. the american opportunity tax credit expires at the end of 2012 as well. gerri: it sounds like, and here are the numbers here, it could result in a% cut in federal student aid. so clearly, people will see higher costs for college. how can the
the idea that the u.s. alone is somehow going to solve the co2 issue is fundamentally flawed and i don't know where the president is dreaming that he will be able to solve this issue. gerri: probably on hold. robert, i know we will hear from you again soon. thank you for coming on, have a great weekend. >> thank you, gerri you want as the clock ticks, there is another group of folks that will be hit hard. i'm talking about college savers. many families will be worse off next year compared...
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Nov 8, 2012
11/12
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right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one brand. it has the greatest brand awareness. these are the results you get with great brand awareness. what does that mean? what else can it did? it has to figure out something else. then when it has to figure out something else, that means it has to figure out something else. it's not going what it's known for doing. >> you know, silicon valley entrepreneur told me yesterday that he's positive about facebook. i want you to hear what he said about mark zuckerberg and get your reaction. >> i think he's not only one of the best technology industry ceos, i thin
right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one...
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Nov 30, 2012
11/12
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a french minister says the u.s. is franchising industry. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us
a french minister says the u.s. is franchising industry. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus...
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Nov 28, 2012
11/12
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CNBC
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mercedes, how much is being driven, taking production out of the europe and china, and pushing it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the volumes we need to sell. >> real quick, we're here at the prius stand. you guys are standing by your position that hybrids is where it's at. >> yes, we are. the market is about 3% hybrid, we're about 14%. we'll continue to push hybrids. >> jim lentz, with his first on cnbc interview here at the auto show. >> thank thank you very much. >>> stef, you like the parts suppliers? >> i was just going to mention, the fuel emission standard changes borg-warner helps to make those parts, so i think you'll see continued secular growth in that theme. that's the name i like. the stock is done on the backlog weakness. i like that story.
mercedes, how much is being driven, taking production out of the europe and china, and pushing it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the...
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Nov 7, 2012
11/12
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the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied being there? >> that's the big question. >> does it mean a big change? i saw some republican pundits say this should be the end of the gop punditry class because of all the money that was spent, really would have gone for naught if romney does not win the presidency here. then i guess are the democrats going to be happy? let's say they do win this thing in a squeaker of an electoral vote, of a popular vote, not having that last seat, and capable of doing an agenda, would they then move to the center? >> we were talking about this earlier. >> it was a g
the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied...
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Nov 12, 2012
11/12
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CNBC
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u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa
u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the...
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Nov 27, 2012
11/12
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despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in charge of california. >> seven hours to charge it, jane. make anybody happy? how far does the volt go, if it goes 30 miles before the charge runs out. >> the leaf goes 80, not even a day's commute for me h >> doesn't work. >> finally, larry ellison scoping up his tenth house on malibu's so-called billionaire's beach. jane this is right up your alley. >> yeah you know, pretty soon, he owns some houses just billionaire, singular. here is the headline, the house he bought, ocean front malibu, billionaire's beach, assess
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in...
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Nov 8, 2012
11/12
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KQED
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beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in t
beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all...
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Nov 16, 2012
11/12
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CNBC
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u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and...
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Nov 16, 2012
11/12
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CNBC
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the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and trade. >> i'm a little pessimistic because in the kind of world we live in where there's a struggle for global demand, that struggle will show up in the trade area. >> reporter: rhetoric about china flared on on the campaign trail with barack obama promising to stand up to china as he heads into his second term. >> i set up a trade task force to go after cheaters. that's why we brought more cases than the previous administration in two terms. >> reporter: cases for example over auto parts and solar panels.
the u.s. and china. there are american brands everywhere. companies like mcdone olds are sinking their teeth into the china market. china is one of the biggest markets outside the u.s. in return mcdonald's hires thousands chinese. china is become abouting a major destination for american goods. but with the global economy struggling, tensions between the two major trading partners have been rising over everything from the u.s.'s growing security presence in the region to china's currency and...
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Nov 10, 2012
11/12
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FBC
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there's 12 regulations now that the obama administration has in the u.s. epa, ready to enact it. he was holding in until after the election. three of those, senatorring to the senator jim inhofe cost the american taxpayers, $600 million, three of the 12, and there's those that are waiting prom mull gages. there's nothing that i can do, but try to preserve what business enterprise we have left and what i see is going to need to be as an enterprise to exist in the coal market place that is upon us both short term and long term. neil: report, is there anything in the president's tone, like the comments in the east room looking for bipartisan compromise, fiscal cliff, that makes you think that he could change his energy stance that when he says he's open to all forms of energy, he's not just sort of giving you lip svice that he's serious? it might be a new tone? he might be a bigger president in this record than in the first four years? >> caller: neil, i have watched the president carefully, and monitored his statements very carefully for the last year, and he's an absolute liar whe
there's 12 regulations now that the obama administration has in the u.s. epa, ready to enact it. he was holding in until after the election. three of those, senatorring to the senator jim inhofe cost the american taxpayers, $600 million, three of the 12, and there's those that are waiting prom mull gages. there's nothing that i can do, but try to preserve what business enterprise we have left and what i see is going to need to be as an enterprise to exist in the coal market place that is upon...
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Nov 9, 2012
11/12
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guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position bu
guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been...
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Nov 11, 2012
11/12
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FOXNEWS
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a powerful u.s. senate democrat raising serious new questions over the resigning of david petraeus. the general stepping down after admitting an affair with his biographer. a committee will looking into the circumstances surroundings the circumstances and why they didn't receive any advance notice by the f.b.i. back to journal editorial report. i'll see you you at the top of the hour. around,guys. ♪ >> welcome back to the journal editorial report. coming up.
a powerful u.s. senate democrat raising serious new questions over the resigning of david petraeus. the general stepping down after admitting an affair with his biographer. a committee will looking into the circumstances surroundings the circumstances and why they didn't receive any advance notice by the f.b.i. back to journal editorial report. i'll see you you at the top of the hour. around,guys. ♪ >> welcome back to the journal editorial report. coming up.
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Nov 22, 2012
11/12
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that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time. now as someone who worked in there years ago as arthur did, short period of time, you will take the better part of the winterer to make a deal. so we are going to go into recession. the question is, do you think the president can take that and do you think he can really blame republicans? is it that easy, or is all hell going to break loose in the country? >> i think it will be absolutely terrible if we go over and stay over the cliff long enough for recession. i don't care who blames whom but i will blame everybody up there. this economy actually has a little bit of mome
that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time....
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Nov 30, 2012
11/12
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KTVU
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that number comes from the u.s. consumer product safety commission, along with u.s. customs and border protection. it's a joint effort to keep dangerous toys away from kids. 38 toys have been recalled this year due to lead violations, chocking hazards or sharp points. the sec is looking into a possible insider trading scandal. two brokers are charged with trading inside information ahead of ibm buying spss in 2009. the sec claims both men allegedly where tipped off about the buyout through a research analyst and traded shares of ssps. the construction industry is facing a major shortage. 2 million construction workers were laid off during the recession, and fewer new workers are going into the field. as the housing market continues to recover, demand for construction of homes and buildings has risen 31% nationally this year. texas, arizona, iowa and florida are facing the largest worker shortages, which are expected to spread throughout the country. chevy's volt is topping the charts for the second year in a row. 92% of volt owners tell consumer reports magazine that
that number comes from the u.s. consumer product safety commission, along with u.s. customs and border protection. it's a joint effort to keep dangerous toys away from kids. 38 toys have been recalled this year due to lead violations, chocking hazards or sharp points. the sec is looking into a possible insider trading scandal. two brokers are charged with trading inside information ahead of ibm buying spss in 2009. the sec claims both men allegedly where tipped off about the buyout through a...
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Nov 10, 2012
11/12
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CNNW
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that means fewer jobs and lower wages here in the u.s. we need a smart trade policy that protects american workers without hurting american businesses. america needs a 21st century workforce. that comes through education. to keep our place at the top, we need science, engineering and math skills taught earlier and with more efficiency. these four things, the fiscal cliff, jobs, china, education, they could define president obama's legacy and maybe immigration reform too. let's start at the top of that list. the most pressing issue, the fiscal cliff. you've seen the big picture, potentially the larges tax increase in history. here's what you will feel. your household tax bill will increase by $3500 on average. that's according to the nonpartisan tax policy center. $55 billion would be cut from defense spending. that will likely mean job cuts, slower production, not good for those connected to the defense industry. another $55 billion would be cut from things like education, food inspections and air travel. we've assembled cnn's best to por
that means fewer jobs and lower wages here in the u.s. we need a smart trade policy that protects american workers without hurting american businesses. america needs a 21st century workforce. that comes through education. to keep our place at the top, we need science, engineering and math skills taught earlier and with more efficiency. these four things, the fiscal cliff, jobs, china, education, they could define president obama's legacy and maybe immigration reform too. let's start at the top...
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Nov 4, 2012
11/12
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. >> ted kennedy's leaving the u.s. senate, which he had occupied for 46 years until his dealt last year has been won by a republican. >> the president had lost the votes he needed to pass health care reform. his staff told him to scale back the bill or pause and return to it later. >> one of his senior advisers said to him, you know, mr. president, unless you're feeling lucky, i just don't think this is going to happen. >> i was making a joke to him. i said, look, my name is barack obama and i live in the oval office so i've got to be lucky. we felt although we knew it was going to be difficult to try to get it done. >> by all accounts when politics had seemed lost -- >> it is the right thing to do and that's why i've decided to get it done. >> -- barack obama decided to do it. >> that's an incredibly bold move. that's the way he moves. >> here's what i ask congress though. don't walk away from reform. not now. >> the president personally lobbied democrats to back his plan. then the bill was forced through the senate w
. >> ted kennedy's leaving the u.s. senate, which he had occupied for 46 years until his dealt last year has been won by a republican. >> the president had lost the votes he needed to pass health care reform. his staff told him to scale back the bill or pause and return to it later. >> one of his senior advisers said to him, you know, mr. president, unless you're feeling lucky, i just don't think this is going to happen. >> i was making a joke to him. i said, look, my...